According to U.Today, earlier this month, the US Consumer Financial Protection Agency (CFPB) mentioned in a document on remittance transfers that Ripple and SWIFT Global Payment Innovative Product (SWIFT GPI) products and non-bank financial companies are payment industries. Disruptor. The article points out that with the continuous development of virtual currency companies (such as Ripple) and the increasing number of partnerships, Ripple not only provides a payment platform that supports cross-border remittances, but also provides a proprietary virtual currency XRP that can be used for remittance settlement . However, the CFPB believes that these companies are unlikely to replace the corresponding banking system in the short term. However, this is an important milestone for Ripple and the cryptocurrency industry.